Unclaimed Maturity Benefits in LIC Insurance Policies: A Comprehensive Review

Abstract

This review paper aims to analyze the issue of unclaimed maturity benefits in LIC insurance policies due to customer ignorance. The study investigates the reasons behind this phenomenon and examines the existing literature on the subject. The methodology involved a thorough search of relevant databases and analysis of published articles, reports, and other relevant sources. The review concludes with suggestions for LIC to improve customer awareness and facilitate the claiming process for unclaimed benefits. Key word: Unclaimed benefits, Maturity Benefits, Insurance Policies, Customer Awareness, LIC